LAKE ORION NURSING CENTER CORPORATION (EIN 382895426) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

LORENZO SUTER

Phone

2486930505

Tax Period

2023-10-01 to 2024-09-30

LAKE ORION NURSING CENTER CORPORATION, founded in 1993, is a mid-sized nonprofit in the Health Care sector that reported $10.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,249,603

Investment Income $431,202

Other Revenue $1,245,606

TOTAL REVENUE $10,926,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,764,485

Fundraising Expenses $0

Program Expenses $11,057,010

Other Expenses $3,832,274

TOTAL EXPENSES $11,596,759

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,926,411	$9,992,528	+0.1%
Expenses	$11,596,759	$11,070,252	+0.0%
Net Income	$-670,348	$-1,077,724	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

206

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,333,866

Total Directors

$800,829

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV DERRICK MCDONALD	MEMBER	1.00	Director	$0	$0	$0
ALLEN PRINCE DO	CHAIR	1.00	Officer Director	$0	$0	$0
MARY MBIYA	MEMBER	1.00	Officer Director	$0	$0	$0
TRACY FRANOVICH	PRESIDENT & CEO - PART YEAR	5.00	Officer Director	$0	$132,618	$800,829
KEVIN BALL	MEMBER	1.00	Director	$0	$0	$0
TONY HAIN	MEMBER	1.00	Director	$0	$0	$0
JACQUELINE SPICER	MEMBER	1.00	Director	$0	$0	$0
LORENZO SUTER	PRESIDENT & CEO - STARTED 2024	40.00	Officer Director	$0	$0	$0
LAURA HARMON	VP & CHIEF NURSING OFFICER	1.00	Officer	$0	$5,919	$224,496
LYNN MARCOTTE	SECRETARY & CFO MCLAREN OA	1.00	Officer	$0	$52,500	$308,541
MICHAEL WOOLSEY	VP HUMAN RESOURCES - STARTED 2024	13.00	Officer	$0	$0	$0
RONDA PYPE	ADMINISTRATOR, NURSING HOME	40.00	Highest	$110,591	$500	$111,091

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$10,926,411	$11,596,759	$20,647,176	$-670,348
2023	$9,992,528	$11,070,252	$21,023,700	$-1,077,724
2023	$9,992,528	$11,070,252	$21,023,700	$-1,077,724
2022	$9,754,308	$11,068,913	$21,979,289	$-1,314,605
2021	$12,585,987	$11,576,339	$23,931,894	$1,009,648

LAKE ORION NURSING CENTER CORPORATION